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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~43d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+57.21%
3d Period Avg+314.55%
swing±121.56%
LONG Phemex · now
+10.96%
3d avg:+8.92%
SHORT dYdX · now
+68.17%
3d avg:+323.47%
Entry Spread Now
−0.065%
Eaten by executionL 0.2615 · S 0.2613−$6.55 if it converges
24h range −0.19%…+0.19% · median +0.00%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$514.90
−5.15%
$Avg Daily PnL
+$54.00
+0.5400%
★Best Day
+$58.95
Sep 30
◎Open Interest
⚡Funding APR
+197.10%
annualized · funding only
⚠Execution Cost
−$676.90
entry + exit fees
⏱Payback
12.5d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$676.90 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.